What is a business rates revaluation?
The Valuation Office Agency (VOA) regularly updates the rateable values of all businesses and other non-domestic properties in England and Wales. This is called a revaluation.
Revaluations are carried out to reflect changes in the property market, which means that business rates bills are based on more up-to-date information.
Rateable values are the amount of rent a property could have been let for on a set valuation date. We use these rateable values to calculate your business rates bills. The last valuation date was 1 April 2021.
When is the next business rates revaluation?
The next business rates revaluation will come into effect on 1 April 2023.
Find the rateable value of a property
You can find the future rateable value for your property on the government's website. You can use this to estimate what your 2023/24 business rate bills may be.
Find a business rates valuation on GOV.UK
Contacting the Valuation Office Agency
We're responsible for your business rates bill. If you have any questions about your business rates bill, contact us using the details on this page.
The VOA is responsible for the valuation of your property. If you have any questions about your rateable value, please contact the VOA.
Your property details need changing
You need a business rates valuation account to tell the VOA about changes to your property details, such as floor area sizes and parking.
The VOA may accept your changes and update their current and future valuations.
You think your rateable value is too high
From 1 April 2023, you'll be able to use a business rates valuation account to tell the VOA if you think your rateable value is too high.
You must continue to pay your business rates as normal until a decision has been made.
How Coronavirus (COVID-19) affected future rateable values
The VOA bases most rateable values on an estimate of what it would cost to rent a property for a year, starting on a certain date.
For the 2023 valuation, the date they used was 1 April 2021. This was during the pandemic and the rent information the VOA used reflected this.